Zentro Internet’s Post

Zentro Expands Reach through the Strategic Acquisition of GigaMonster Assets in Key Markets https://lnkd.in/gdsfqBuc #acquisition #acquisitionannouncement #business #businessnews #chicagointernet #isp #pressreleasedistribution #pressrelease #pressreleaseservice #publicrelations #digitalmarketing #businesstips #marketingtips 24-7 Press Release Newswire Zentro Internet

Congratulations to the impressive team at our portfolio company, Fleetworthy Solutions, on a fantastic outcome as we announce the company's sale to Bestpass (backed by Insight Partners and Susquehanna Growth Equity)! “Argentum has served as a trusted and supportive partner that has played an instrumental role in Fleetworthy’s success,” said Michael Precia, President and CEO of Fleetworthy. “Since leading the company’s recapitalization in 2014, Argentum has actively provided invaluable strategic guidance, originated all 5 of our add-on acquisitions, and sourced customer and partnership opportunities – all of which have helped us achieve dramatic revenue growth, drive significant operating leverage and profitability, and create tremendous value.” “The sale of Fleetworthy was the culmination of a highly successful investment that was an ideal representation of Argentum’s strategy and value-added approach”, said Daniel Raynor, Co-founder and Managing Partner of Argentum and former Chairman of Fleetworthy. “We developed a thesis based on Argentum’s prior experience in the transportation space, directly sourced a proprietary opportunity through our outbound approach, and actively helped management build Fleetworthy into a market leader. In close partnership with Mike and his team, we executed Argentum’s time-tested playbook – unlocking organic momentum, alongside a targeted buy-and-build strategy, to create a rapidly growing and highly profitable enterprise. We applaud the entire Fleetworthy organization on an exceptional outcome and wish them continued success as part of Bestpass.” “Fleetworthy epitomized the type of company that Argentum looks to support – a founder-led, bootstrapped, and capital-efficient B2B tech-enabled services and software company that could benefit from a value-added partner to scale and accelerate growth,” added Chris Leong, Partner at Argentum. “It’s been a privilege serving as Fleetworthy’s partner. We congratulate Mike and his team and look forward to their ongoing efforts to make our nation’s roads and fleets safer.” Read the full press release here: https://lnkd.in/eHguCFe4

Where does Butterfly Network, Inc. go from here – Part II, scenario of getting acquired!   In part I, I went over the scenario of raising more capital and suggested that unless Butterfly finds a greater fool, it is an unlikely outcome. In this post I will go through the possibility of getting acquired as another potential exit strategy for Butterfly.   The following are some of the reasons why one “Should” or “Should Not” consider acquiring Butterfly.   𝐑𝐞𝐚𝐬𝐨𝐧𝐬 𝐭𝐨 𝐚𝐜𝐪𝐮𝐢𝐫𝐞: ✔ Butterfly is still one of the major players in the handheld market with roughly 20% market share. ✔ After years of crazy valuation, Butterfly is currently valued 3x its revenue, which is in line with the rest of the market. ✔ New leadership has brought positive changes to the company including some long overdue cost cuttings. ✔ The engineering and marketing teams within the Butterfly have certainly done a good job of bringing their product into the market and branding themselves as an innovative company. ✔ The new iQ3 scanner has shown some promise in terms of improving the image quality which has been one of their main complaints in the past.   𝐑𝐞𝐚𝐬𝐨𝐧𝐬 𝐭𝐨 𝐬𝐭𝐚𝐲 𝐚𝐰𝐚𝐲: ✘ Butterfly has a high burn rate, which makes its integration very difficult. One option for the acquirer would be to do a major cost reduction but their culture may not be able to handle it. ✘ Butterfly revenue is on downward trend which signals that the company is losing market share. ✘ Butterfly valuation has been on a continuous downward trend. The longer one awaits perhaps the cheaper they get. ✘ The company has a single product with a low price and low margin. The only way its economics could work is if its sales grow by an order of magnitude. But that would require the company to capture the entire handheld market and penetrate other markets.    ✘ FUJIFILM patent infringement lawsuit could mean even higher operating expenses for Butterfly.    ✘ The founder’s arrogant approach to disrupting the industry has left a bad taste in people’s mouth. Not everyone in the industry is rooting for them. ✘ It is fair to assume that various players have already looked at potentially acquiring Butterfly, but none has found a compelling enough reason to move forward yet.   I must add that with the current #valuation, getting acquired is hardly a win for Butterfly as it won’t even cover their investments. But it is certainly a desirable outcome, given the limited number of options they have available. Unfortunately, a company can’t wait until it gets acquired. Especially when it is on a clock. Other options like debt financing or going private also don’t seem viable. Perhaps the best option for Butterfly at this point is to do further #costcutting until its operation is closer to break even. The last thing the company wants is it to be in a fire sale position or file for bankruptcy later down the road.

They say that timing is everything, and Microlise continues to reinforce its dominance in the UK HGV solutions market with its £8m acquisition of Enterprise Software Systems Ltd, themselves a long established and respected player in this space. It also comes hot on the heels of Microlise’s acquisition of VITA SOFTWARE LIMITED in March, with a reported c. £2m price tag, and also off the back of the launch of Microlise’s long-awaited home-grown TMS solution just last month. This move clearly demonstrates Microlise’s ongoing appetite for complimentary acquisitions and the repeat revenue, market share and cross-sell opportunities they bring, rather than the organic growth or technology potential of either. At the same time significant investments in new Microlise product developments continue apace. Time will tell what this means for ESS and Vita customers and employees. Also the extent to which each company’s value is fully realised. Future success, and value-release, will depend on how seamlessly the acquisitions can be assimilated into the burgeoning Microlise stable, the coherence of the strategic product roadmaps and how much growth headroom remains in this fiercely competitive large fleet HGV market.

🎉 Exciting news for the parking tech sector! 🤝 A consortium of investors have acquired a parking tech firm in a £120 million deal. 💰 This move further consolidates the sector which is already experiencing rapid growth. 📈 The acquisition is expected to bring a range of new services and products to the company's portfolio, helping to strengthen its position in the market. 💻 This is great news for the industry as it shows the potential for firms to scale up and grow their operations. 📈 It's an exciting time for the parking tech sector, and this deal is sure to bring further opportunities for companies to expand and innovate. 🤝 #ParkingTech #InvestmentDeals #TechAcquisitions

M&A: Liechtenstein investor acquires Trison TRISON’s Spanish investors are selling Europe’s largest digital signage integrator to the Liechtenstein investor L-GAM. The new owners plans to lead Trison into the next phase of growth – organically and through further acquisitions. At the beginning of 2022, the previous majority shareholder –Spanish Portobello Capital – began the sale process of Trison. A company valuation of EUR 200 million was rumored in the market. Due to the post-pandemic and global crises, the sales process seemed have to stalled. But now, shortly before the end of 2023, the Spanish investor are reporting deal closed. The investor L-Gam, which is close to the Princely Family of Liechtenstein, as well as its founding shareholders and the L-Gam management team, are taking over 100% of Trison shares. L-Gam now wants to lead the leading European digital signage integrator into the next phase of growth. The La Coruna-based company with subsidiaries in Spain, France, Germany, Great Britain and sales offices in Asia and Latin America is expected to continue to grow organically and through acquisitions. According to invidis consulting GmbH information, Trison CEO Alberto Cáceres Tejedor Caceres and the management team will remain on board to lead the new growth phase. #retsil #innovation #nextstep #europe #leading https://lnkd.in/eJCXJmmV

Strategic positioning plays a crucial role for pre-scaled technology companies that aim for premium mergers and acquisitions (M&A) valuations. In order to maximize their value, these companies need to carefully position themselves in the market. This involves identifying their unique selling points, understanding their target audience, and differentiating themselves from competitors. By showcasing their strengths and potential for growth, these companies can attract the attention of potential buyers and investors. For example, they may highlight their innovative technology, strong customer base, or impressive revenue growth. By strategically positioning themselves, these companies can increase their chances of achieving favorable M&A valuations. #MandA #TechIndustry #privateequity #acquisition #corpdev #corporatedevelopment #familyoffice #biznexus #mergersandacquisitions #acquisitionentrepreneurship #eta #searchfund #corpdev

Exciting times ahead as we share that we've acquired Chilli IT Ltd. We are looking forward to welcoming Chilli IT Ltd into the Celerity Limited group and growing together. More details are in the announcement below #CelerityNews #Acquisition #ITGrowth #BuildingBetterBusiness

Constellation Software Inc. is one of the more interesting companies we follow, given its unique management style, serial acquisition strategy and ~1,300% return over the past decade. Our Senior Analyst Desmond Lau's research found that Lumine Group Inc., a spin-off of Constellation, shares much of its parent's DNA.  Lumine is a value-based acquirer (paid ~1x sales for businesses on average) and has deployed more than 100% of its free cash flow on acquisitions over the past three years, just like the parent CSU. Lumine's CEO, David Nyland, also has the added benefit of extensive experience operating companies that provide telcos with support services. Lumine now owns three of these businesses in its portfolio.   We are offering two presentations by Desmond on Lumine and Constellation on April 3 and 4. Some of the topics Desmond's presentation will cover include:  - Parent or child? We discuss the factors that investors should consider in deciding whether to invest in CSU or Lumine (ability to deploy FCF on acquisitions, organic growth, ROIC, etc.). - Lumine's lower organic growth: Should investors pass on Lumine given that it has generated lower organic growth (~2.3% vs. 4.5%) and has had four quarters of negative organic growth since Q4-F20? - Regular adopters: Of Lumine's 29 portfolio companies, 11 were acquired via "carve-outs", where sellers dispose of non-strategic/mismanaged assets. We explain why Lumine is perfectly positioned as a buyer and how these acquisitions can be financially attractive. - Eyeing the next birth: Why investors should pay attention to the next CSU spinout and what companies might be spun out next. (The title of the webinar is inspired by the classic comedy Kindergarten Cop with Arnold Schwarzenegger, in which he plays a game with his class called Who is Your Daddy and What Does He Do?) Visit our website for more details and pricing: https://lnkd.in/ghR7CEuK #investmentresearch #equityresearch #software #acquisitions #investors

Festi hf.'s acquisition of the entire share capital of Lyfja hf. is completed and the company has thereby become part of the Festi Group. The reference closing date for the acquisition is July 1, 2024, and Lyfja will therefore be included in Festi's consolidated financial statements as of that date.  The purchase price for the acquisition amounted to ISK. 7,116 million, based on the company's preliminary financial statements, which is divided into a cash payment in the amount of ISK 5,076 million and the delivery of 10 million shares in Festi with a market value of ISK 2,040 million based on the closing price of 204 on Nasdaq Iceland on July 10, 2024, respectively. Today, Festi took out a new loan for the acquisition, which will increase the Group's leverage by ISK 4,000 million. Further details about the transaction and its financing will be provided in connection with the publication of the Company's 2nd quarter results on July 31. Concurrently with today's completion of the acquisition, Hildur Þórisdóttir, acting CEO and managing director of Lyfja's human resources department, has joined Festi's executive management. Ásta S. Fjeldsted, CEO of Festi:    "This is a major moment and an important milestone on Festi's journey. The finalisation of the merger has taken some time, but this has been a learning process that lays a solid foundation for future cooperation within the Group. There are very exciting times ahead and a number of opportunities for cooperation, synergy, increased efficiency and growth across the companies within the Group, which represent some of the strongest brands in Iceland in their respective markets. Lyfja possesses highly trained and well-educated staff who have built one of the largest drug store chains in Iceland. Aided by a united, experienced and talented team of employees, we will provide consumers and businesses in Iceland with a wide but targeted selection of essential products at the best prices. App and online sales, along with our well-located service centers and stores throughout Iceland, will play a key role in this effort. At the same time, emphasis will be placed on promoting improved public health in Iceland through quality products, education, consultancy and other health services as opportunities arise. These are all things that that are going to be more and more important, with the increase in the population and rising life expectancy."   For more information, please contact Ásta S. Fjeldsted, CEO of Festi – asta@festi.is